New wallets and first-time accumulators withdrew nearly $77 million worth of six Ethereum ecosystem tokens from crypto exchanges last week. This surge, following the Spot Ethereum ETF approval, hints at a possible altcoin resurgence.
Ethena led the withdrawals, with new wallets pulling $45.61 million worth of ENA. Pepe Coin saw a 45.5% price rise, driven by a significant $13.55 million withdrawal. Lido DAO gained momentum with $9.59 million withdrawn, while Aave and Uniswap also saw notable activity. ENS marked the highest weekly increase at 72.3%, with $2.06 million withdrawn. This activity highlights growing interest and potential strategic shifts in the crypto market.